Carawine Resources (ASX:CWX) - Managing Director, David Boyd
Managing Director, David Boyd
Source: Carawine Resources
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  • Carawine Resources (CWX) gets the final results from follow-up reverse circulation (RC) drilling at its Big Freeze and Beanie prospects in WA
  • Results from Big Freeze have defined a trend extending for at least 100 metres and remains open along strike and down-dip
  • Beanie returned gold grading 2.32 and 3.01 g/t and Carawine says the limited drilling at the prospect to date suggests the mineralisation extends along a northerly trend
  • Carawine plans to carry out additional drilling to follow up on both trends
  • Company shares end the day trading flat at 21 cents

Carawine Resources (CWX) has received a fresh batch of assays from follow-up reverse circulation (RC) drilling within its Tropicano North gold project in WA’s Goldfields region.

The drilling focused on the Big Freeze and Beanie prospects which are both located within the Neale tenement. The Neale tenement also covers the company’s advanced Hercules and Atlantis gold prospects.

The program aimed to test for high-grade gold mineralisation in proximity to known gold anomalies along and to the east of the Hercules shear zone.

Today’s results account for the remaining four of 18 RC holes completed at Big Freeze as well as two additional holes at Beanie.

Highlighted results from Big Freeze include two metres at 2.39 g/t gold from 138 metres including one metre at 4.26 g/t gold in TNRC060 and five metres at 0.59 g/t gold from 54 metres including one metre at 2.03 g/t gold in TNRC056.

The company said the TNRC060 results define a trend that extends for over 100 metres which remains open along strike and down-dip.

“We will plan additional drilling to follow-up this trend, which remains open, and has the potential to deliver another high grade gold deposit to our Tropicana North gold project,” Managing Director David Boyd said.

Best results from the Beanie prospect come from TNRC064 and include one metre at 3.01 g/t gold from 87 metres and one metre at 2.32 g/t gold from 144 metres.

Carawine said the limited drilling undertaken at Beanie so far suggests the mineralisation extends along a northerly trend. Additional drilling is planned to further explore the trend.

Company shares were trading flat at market close.

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